Citibank Platinum Credit Card Reviews

Citibank Platinum Credit Card

Overview:

A credit card can definitely prove to be the best friend in your pocket. With great offers and benefits, a credit card makes your shopping and dining experiences all the way better. Citibank is one of the leading private sector banks in the world which offers several credit cards with a myriad of features and benefits on them, to meet the changing needs and requirements of its customers. The cards offer customisable and innovative solutions which can prove to be extremely beneficial for the customers.

The Citibank Platinum Credit Card is one of the best credit cards, which ensures that it is a one stop solution to all your problems. Not only can you avail special offers on dining, travel and entertainment, but also, earn reward points for spending at different merchant outlets using your Platinum credit card. Enjoy a dedicated concierge assistance service round the clock.

Features of Citibank Platinum Credit Card:

The Citibank Platinum Credit Card is tailored to meet the changing demands and requirements of the customers. Hence, as a Platinum Member, every spend using the credit card is definitely going to be a rewarding experience for you

The Platinum Advantage feature that comes with this credit card allows you to earn one reward point for every 125 INR that you spend using the credit card

Enjoy 5X rewards points at several merchant outlets, including some of the best shopping stores and top notch restaurants

Benefits of Citibank Platinum Credit Card

Avail e-statement for your credit card whenever you want when you sign up to receive bank statements via e-mails

Keep track of all your expenditures made using the Citibank Platinum Credit card and avail better security

Paying all your bills is all the way easier using your credit card. Make use of your Platinum credit card and pay your utility bills as per your convenience without waiting in a long queue

Fees and Charges:

Joining and Annual fees for both Primary card and Additional card will be communicated when they are sourced

Service Charge / Interest Rate

The interest rate keeps varying between 3.10% per month (37.20% per annum) and 3.50% (42.0% per annum) depending upon several important parameters that include spends, utilization, pattern of repayment, etc.

3.5% per month (42.0% per annum) is the maximum interest rate in case of a default

Cash Advance fee

Over Credit Limit Charge

Charges for Late Payment (monthly basis)

Petrol Transaction Charge

ECS bounce charge / Cheque bounce charge

2.0% on the amount advanced. The cash advance fee is subject to USD 7.5 at all the International ATMs and 300 INR in India

2.5% of the total amount over the credit limit. It is subject to a minimum amount of 500 INR

Up to 10,000 INR – 300 INR

10,001 to 25,000 INR - 600 INR

More than 25,000 INR – 700 INR

2.5% waived off at all outlets of Indian Oil when you make the payments using Citibank EDCs

Per returned cheque / ECS – 350 INR

Booking for railway ticket or cancellation surcharge (For booking at the counter)

Booking for railway ticket Surcharge (For booking over the internet)

Charges for card replacement

Request for Statement (beyond three months)

2.5% of the total value of transaction. It is subject to a minimum amount of 25 INR

For regular transactions it is 1.8% of transactions value and for 3 EMI transaction it is 2.8% of the transaction value

100 INR

100 INR

Cheque charge for outstation ( Charge based on the value of instrument / cheque)

Transaction of Foreign currency

Up to 10,000 INR it is 50 INR per cheque

10,001 INR to 1,00,000 INR it is 100 INR per cheque

Above 1,00,001 INR it is 150 INR per cheque

Mark up to 3.5% along with service tax as applicable

Credit card repayments made in cash at Citibank branches

Credit card repayments made in cash at Citibank ATMs

100 INR

50 INR

The service tax, as per Government of India’s notification, is applicable on all interest, fees and different charges. As per the regulations of the Government of India, the service tax might change.

Finance Charges:

Interest is charged if you do not clear all the payments for your previous bill completely. Interest is also charged on all the cash advances and it is calculated from the transaction date till the settlement date. All finance charges are dynamic and can change depending on the periodic review of Citibank.

Citibank Platinum Credit Card FAQs:

How many reward points can I earn using my Citibank Platinum Credit Card?

For every 125 INR that you spend using your Citibank Platinum Credit Card, you are entitled to earn one reward point. You can earn up to 5X reward points at select merchant outlets for shopping, dining, etc.

Can I avail e-statements for my credit card?

Yes, you can avail e-statements for your credit card anytime, anywhere from the banks online portal. All that you have to do is sign up for receiving statements via e-mails. This helps you to keep a track of all your expenditures and makes you feel much safer.

Are there any joining fees associated with the Citibank Platinum Credit Card?

No, there are no joining fees or renewal charges associated with the Citibank Platinum Credit Card.

Are there any charges for late payment?

Yes, charges for late payments are calculated on a monthly basis. The charges are as follows.

Up to 10,000 INR – 300 INR

10,001 to 25,000 INR - 600 INR

More than 25,000 INR – 700 INR

Do I have to pay any charges for the replacement for my credit card? Can the charges vary from time to time?

Yes, you will have to pay an amount of 100 INR as card replacement charges. Yes, the charges may vary as all of them are dynamic in nature and may change as per the periodic review of Citibank.

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